Shares of Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.63 and traded as high as $3.80. Gabelli Convertible & Income Securities Fund shares last traded at $3.80, with a volume of 74,689 shares trading hands.
Gabelli Convertible & Income Securities Fund Stock Down 0.1%
The company's fifty day moving average price is $3.63 and its 200-day moving average price is $3.75.
Gabelli Convertible & Income Securities Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 12.65%. The ex-dividend date was Friday, June 13th.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GCV. PNC Financial Services Group Inc. bought a new stake in shares of Gabelli Convertible & Income Securities Fund during the 1st quarter worth approximately $38,000. Arete Wealth Advisors LLC purchased a new stake in Gabelli Convertible & Income Securities Fund in the fourth quarter worth $57,000. Cornerstone Advisors LLC lifted its position in shares of Gabelli Convertible & Income Securities Fund by 769.3% during the fourth quarter. Cornerstone Advisors LLC now owns 19,099 shares of the investment management company's stock worth $73,000 after purchasing an additional 16,902 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the fourth quarter valued at $83,000. Finally, Cetera Investment Advisers bought a new position in shares of Gabelli Convertible & Income Securities Fund in the fourth quarter worth about $110,000. Hedge funds and other institutional investors own 23.40% of the company's stock.
Gabelli Convertible & Income Securities Fund Company Profile
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The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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